This article breaks down everything you need to know about the 2024 Carbon Tax Rebate in Canada. We’ll explain how much you can expect to get, when the payments are made, and who is eligible. Whether you’re in Ontario, Alberta, nova scotia, or another eligible province, we’ll help you understand the details and make sure you get your rebate.
Carbon Tax Rebate 2024
In Canada, there’s a Carbon Tax on the carbon content of fuels. As of 2023, it starts at CA$65 per tonne of CO2 and will go up to CA$170 by 2030. To help with this cost, the Canadian Revenue Agency will give a Carbon Tax Rebate in 2024 to people in New Brunswick, Ontario, Alberta, Saskatchewan, and Manitoba. If you live in these provinces, you’ll get the rebate in four tax-free payments to help offset the cost. The rebate includes a basic amount and extra for those in small and rural areas.
2024 Carbon Tax Rebate Payment Schedule
The Canadian government now gives the Climate Action Incentive Payment, previously an annual rebate, in quarterly tax-free payments starting from July 2022.
For residents of Newfoundland and Labrador, Prince Edward Island, and Nova Scotia, the federal fuel charge rebate will be given in three payments the first year, and then in four quarterly payments starting July 1, 2023.
2024 Carbon Tax Rebate: Expected Payment Amounts
The rebate amount depends on your family situation and where you live. Everyone gets the Carbon Tax Rebate, and it’s not reduced based on income. Here’s the breakdown.
- Ontario: $488 per person, $244 per couple, $122 per child, $244 for the first child in a single-parent family.
- Alberta: $772 per person, $386 per couple, $193 per child, $386 for the first child in a single-parent family.
- Saskatchewan: $680 per person, $340 per couple, $170 per child, $340 for the first child in a single-parent family.
- Manitoba: $528 per person, $264 per couple, $132 per child, $264 for the first child in a single-parent family.
- Nova Scotia: $124 per person, $62 per couple, $31 per child, $62 for the first child in a single-parent family.
- New Brunswick: $92 per person, $46 per couple, $23 per child, $46 for the first child in a single-parent family.
- Newfoundland and Labrador: $164 per person, $82 per couple, $41 per child, $82 for the first child in a single-parent family.
- Prince Edward Island: $120 per person, $60 per couple, $30 per child, $60 for the first child in a single-parent family.
For New Brunswick, the October payment covers both July-September and October-December 2023.
If you live in a small or rural area, answer the 2022 rural supplement question on your 2023 tax return to get a retroactive payment for 2022.
Residents in rural areas of Nova Scotia, Newfoundland and Labrador, and other provinces get an extra 10%, not shown above.
When to Expect Your Carbon Tax Rebate Payment
If you’re eligible for the 2024 Carbon Tax Rebate, you’ll get your payment on the 15th of April, July, October, and January. If the 15th is a weekend or holiday, the payment will come on the last business day before that.
If you opted for direct deposit, the money will go straight into your account. If you owe taxes, the rebate will be used to pay off that debt.
If you don’t get your payment within ten days, call 1-888-863-8662 for benefit debt or 1-888-863-8657 for tax return debt.
How to Find Out If you Qualify for the Carbon Tax Rebate?
It’s easy to find out if you’re eligible for the Carbon Tax Rebate. You qualify if you’re a Canadian resident for tax purposes at the start of the month when the CRA makes the payment. You also need to be at least 19 years old before the payments are made.
If you’re under 19, you can still get the rebate if:
- You’re married or were married.
- You’re a parent living with your child.
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